Desktop Stock Ticker | Bahrain to sell $500m 5-yr sukuk

Bahrain to sell $500m 5-yr sukuk

Bahrain has mandated Credit Agricole's investment arm Calyon, Deutsche Bank and HSBC, as the three lead arrangers for its planned $500m Islamic bond issue that will help it cover its budget deficit due to lower oil revenues. Bahrain also plans to issue a BD250 million ($663.1m) three-year sovereign bond, the date for which has yet to be set.

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